Reports and Data estimates the global Polymer Microinjection Molding Market competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2018-2027 as the forecast period. The report offers CAGR and market size for the global Polymer Microinjection Molding Market during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include: Accu-Mold LLC, ALC Precision, Stamm AG, Sovrin Plastics, American Precision Products, Makuta Technies Inc., Micromolding Solution Inc., Stack Plastic Inc., Precimold Incorporation, and Rapidwerks.
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Polymer Microinjection Molding Market Overview :-
The global Polymer Microinjection Molding market is forecasted to grow at a rate of 13.4% from USD 836.0 Million in 2019 to USD 2.16 billion in 2027. Increasing demand for miniature materials is expected to be a key factor driving the overall market for microinjection polymer molding for various applications spread across widespread end-use industries, including medical, electronics, automotive, and telecom. The shift towards the replacement of polymers containing phthalates such as PVC with thermoplastics coupled with increased demand for micro-materials has led to the use of micro-molding in the medical industry. The process is primarily used for the manufacturing ear implants, micro filters, precision blades, bearing caps, and certain other devices/equipment needing accurate design and configuration. Other micro molded parts applications include the wheel, micro gear plate, and operating pin, which are widely used in automotive and drive systems. Molded products slowly replace machined components that have traditionally been used in the industry. The rising trend of small devices, coupled with the increasing number of minimally invasive surgeries per day, has boosted demand from medical device manufacturers for micro-sized parts. Cost savings are the critical advantage of microinjection molding over micromachining. Micro-injection molding takes a fraction of the time to mold the sections and uses raw materials that are low cost relative to machining, resulting in high-cost savings.
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Type Outlook (Revenue, USD Billion; 2017-2027)
- Polyether Ether Ketone
- Polymethyl methacrylate
- Polyethylene
- Polyoxymethylene
- Liquid Crystal Polymer
- Polylactic Acid
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Thermosets
- Elastomers
- Thermoplastics
Application Outlook (Revenue, USD Billion; 2017-2027)
- Automotive
- Medical Healthcare
- Telecom Fiber Optics
- Micro Drive System Control
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Polymer Microinjection Molding Market during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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